Forsta AP Fonden Sells 600 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Forsta AP Fonden cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,500 shares of the sporting goods retailer’s stock after selling 600 shares during the quarter. Forsta AP Fonden’s holdings in DICK’S Sporting Goods were worth $2,686,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of DICK’S Sporting Goods in the 4th quarter worth $108,908,000. Vanguard Group Inc. boosted its holdings in DICK’S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after buying an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of DICK’S Sporting Goods by 5,379.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after buying an additional 164,706 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $10,653,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in DICK’S Sporting Goods by 25,469.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 55,997 shares of the sporting goods retailer’s stock worth $8,229,000 after acquiring an additional 55,778 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 3.0 %

DKS stock opened at $216.95 on Monday. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $239.30. The business has a 50 day moving average price of $215.24 and a two-hundred day moving average price of $209.54. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 earnings per share. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Wall Street Analyst Weigh In

Several brokerages have commented on DKS. Loop Capital upped their target price on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Evercore ISI reissued an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Wells Fargo & Company lowered their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Stifel Nicolaus increased their target price on DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $244.62.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the sale, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.